Anchorpoint Financial Limited has kicked off the first phase of its HKDAP stablecoin rollout, bringing a regulated Hong Kong dollar-pegged token to institutional clients for payments and asset settlement.
HKDAP, short for HKD At Par, is one of the first stablecoins issued under Hong Kong’s Stablecoins Ordinance. Anchorpoint received its issuer license (FRS01) from the Hong Kong Monetary Authority on April 10, 2026, making it one of the first two firms to clear that regulatory bar.
The consortium behind the coin
Anchorpoint was formed in February 2025 as a joint venture involving Standard Chartered Bank (Hong Kong), telecom giant HKT, and Web3 investment firm Animoca Brands. The business model follows a B2B2C approach. Rather than selling tokens directly to retail users, Anchorpoint distributes HKDAP through authorized partners for payments, trade finance, and tokenized asset settlement.
Standard Chartered executives have been vocal about the strategic importance of regulated tokenized money. The bank sees HKDAP as infrastructure for transforming how global financial markets handle settlement, particularly across Asia’s cross-border trade corridors.
